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Tricia Terry
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Marrs & Terry, PLLC
6553 Jackson Road Ann Arbor, MI 48103Â» view map
Bankruptcy & Debt
Personalized, Efficient Counsel

Marrs & Terry, PLLC have been helping individuals face a variety of legal challenges, including bankruptcy, estate planning and administration, and family law.

800-862-7221
1. Tricia Terry Ann Arbor, MI
  Attorney at Law- MI, 1999
  Thomas M. Cooley Law School, J.D.
2. AboutExperienced Michigan Lawyer
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Includes: Bankruptcy Litigation, Commercial Bankruptcy, Consumer Bankruptcy, Dissolution

Michael Joseph Bonvolanta

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Professional Responsibility, Federal Appellate Practice, Municipal, Consumer Bankruptcy, Medical Malpractice

Michael Bonvolanta earned his Bachelor of Arts degree in 2011 from DePaul University in Chicago, Illinois. He earned his Juris Doctor degree in 2015 f... (more)

CONTACT

248-234-9832

29000 Inkster Rd, Southfield, MI 48034

Marc D. Melamed

Business Organization, Dissolution, Estate Administration, Joint Ventures

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30833 Northwestern Hwy, Farmington, MI 48334

Julie A. Smyk

Foreclosure, Workout, Consumer Bankruptcy, Bankruptcy

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FREE CONSULTATION

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29777 Telegraph Road, Southfield, MI 48034

Jonathan C. Myers

Bankruptcy, Business, Real Estate

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CONTACT

27777 Franklin Road, Southfield, MI 48034

Judith Greenstone Miller

Intellectual Property, Corporate, Banking & Finance, Bankruptcy

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CONTACT

27777 Franklin Road, Southfield, MI 48034

Louis P. Rochkind

Real Estate, Business Organization, Banking & Finance, Bankruptcy

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CONTACT

27777 Franklin Road, Southfield, MI 48034

Pamela Fae Radzinski

Family Law, Divorce, Bankruptcy, Farms

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CONTACT

26711 Northwestern Highway, Southfield, MI 48034

Paul S. Magy

Commercial Real Estate, Commercial Leasing, Corporate, Bankruptcy

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CONTACT

151 S. Old Woodward Avenue, Birmingham, MI 48009

Adel T. Fakhouri

Mediation, Estate Planning, Bankruptcy, Personal Injury

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FREE CONSULTATION

CONTACT

26300 Telegraph Road, Southfield, MI 48033

David M. Blau

Bankruptcy, Real Estate

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CONTACT

25800 Northwestern Hwy, Southfield, MI 48075

800-814-6700

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LEGAL TERMS

C CORPORATION

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S c... (more...)

Common business slang to distinguish a corporation whose profits are taxed separate from its owners under subchapter C of the Internal Revenue Code, from an S corporation, whose profits are passed through to shareholders and taxed on their personal returns under subchapter S of the Internal Revenue Code.

NONPROFIT CORPORATION

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or f... (more...)

A legal structure authorized by state law allowing people to come together to either benefit members of an organization (a club, or mutual benefit society) or for some public purpose (such as a hospital, environmental organization or literary society). Nonprofit corporations, despite the name, can make a profit, but the business cannot be designed primarily for profit-making purposes, and the profits must be used for the benefit of the organization or purpose the corporation was created to help. When a nonprofit corporation dissolves, any remaining assets must be distributed to another nonprofit, not to board members. As with for-profit corporations, directors of nonprofit corporations are normally shielded from personal liability for the organization's debts. Some nonprofit corporations qualify for a federal tax exemption under _ 501(c)(3) of the Internal Revenue Code, with the result that contributions to the nonprofit are tax deductible by their donors.

CREDIT FILE

See credit report.

ADMINISTRATIVE EXPENSES

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Admi... (more...)

The trustee's fee, the debtor's attorney fees, and other costs of bringing a bankruptcy case that a debtor must pay in full in a Chapter 13 repayment plan. Administrative costs are typically 10% of the debtor's total payments under the plan.

DISCHARGEABLE DEBTS

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bill... (more...)

Debts that can be erased by going through bankruptcy. Most debts incurred prior to declaring bankruptcy are dischargeable, including back rent, credit card bills and medical bills. Compare nondischargeable debts.

CREDIT COUNSELING

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Unde... (more...)

Counseling that explores the possibility of repaying debts outside of bankruptcy and educates the debtor about credit, budgeting, and financial management. Under the new bankruptcy law, a debtor must undergo credit counseling with an approved provider before filing for bankruptcy.

FAIR CREDIT REPORTING ACT (FCRA)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to a... (more...)

A federal law that is designed to prevent inaccurate or obsolete information from entering or remaining in a credit report. The law requires credit bureaus to adopt reasonable procedures for gathering, maintaining and disseminating information and bars credit bureaus from reporting negative information that is older than seven years, except a bankruptcy, which may be reported for ten. If you notify a credit bureau of an error in your credit report, the FCRA requires the bureau to investigate your allegations within 30 days, review all information you provide, remove inaccurate and unverified information and adopt procedures to keep the information from reappearing. In addition, the law requires that creditors refrain from reporting incorrect information to credit bureaus.

WINDING UP

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, a... (more...)

The process of paying off expenses and creditors, settling accounts, and collecting and distributing (to shareholders and owners) whatever assets then remain, all with the ultimate goal of liquidating or closing down a corporation or partnership.

SUBROGATION

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off i... (more...)

A taking on of the legal rights of someone whose debts or expenses have been paid. For example, subrogation occurs when an insurance company that has paid off its injured claimant takes the legal rights the claimant has against a third party that caused the injury, and sues that third party.

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West Bloomfield Bankruptcy Lawyer, Michigan

Sponsored Law Firm

Marrs & Terry, PLLC

SPONSORED LAWYERS

Michael Joseph Bonvolanta

Marc D. Melamed

Julie A. Smyk

Jonathan C. Myers

Judith Greenstone Miller

Louis P. Rochkind

Pamela Fae Radzinski

Paul S. Magy

Adel T. Fakhouri

David M. Blau

TIPS

LEGAL TERMS

C CORPORATION

NONPROFIT CORPORATION

CREDIT FILE

ADMINISTRATIVE EXPENSES

DISCHARGEABLE DEBTS

CREDIT COUNSELING

FAIR CREDIT REPORTING ACT (FCRA)

WINDING UP

SUBROGATION

SAMPLE LEGAL CASES

RDM Holdings, Ltd. v. Continental Plastics Co.

Gulf Underwriters Ins. Co. v. McCLAIN INDUSTRIES, INC.

MICHIGAN COMMERCE BANK v. PALMS INVESTMENTS, LLC

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